Australian-founded gift card company Prezzee has cut 10% of its workforce. Prezzee has focused on the AU$500 billion global gift card market (Australia's is worth AU$5.5 billion). It had been chasing a valuation of AU$1 billion and an ASX listing and planning to grow to 400 people. Prezzee lost its London-based CEO, Jaimie Samaha, who had joined from Mastercard Loyalty and has left to become CEO of UK-based loyalty provider Reward.